Murray Energy Corporation Extends Forbearance Agreements with its Lenders and Elects Not to Make Interest Payments to Noteholders
October 17, 2019
As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with lenders holding in excess of 50% of outstanding loans under its ABL and FILO credit facilities. Under the terms of the forbearance agreements, the lenders agreed to forbear from exercising any and all remedies available to them in respect of"...
Tunisia: Serinus Energy says making progress
October 14, 2019
Serinus Energy updated the market on its operations in Tunisia on Thursday, saying as it announced in its first half financial results, the Chouech Es Saida field was restarted with production resuming from all four wells in August.
The field had been shut-in since February 2017.
“Oil production from the wells is increasing as the water cuts from the wells diminish,”"...
Fluor, JGC and Technip Selected for Landmark Rovuma LNG Project in Mozambique
October 9, 2019
Fluor Corporation (NYSE: FLR) announced today that a consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 Project in Cabo Delgado, Mozambique with an immediate release of a limited notice-to-proceed. Fluor will book its portion of this work in the fourth quarter of 2019. “Fluor is pleased to have been selected for this strategic development and to partner with a team that combines considerable LNG expertise and design build capabilities on the African continent,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “We worked closely to develop the project model that builds upon each party’s strengths and capabilities to partner with MRV to advance this......
Tunisia: energy awareness campaign “Taketna” launched
October 8, 2019
The awareness campaign on the importance of the energy sector “Taketna” (Our Energy) started on Wednesday with the launch of an online platform dedicated to the sector. It aims to encourage Tunisians to streamline their energy consumption.
The platform, currently available in French and whose address is www.taketna.tn, contains all data and statistics relating to the energy sector, as well as the"...
Rockwell Automation and Schlumberger Announce Closing of Sensia Joint Venture
October 2, 2019
Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: SLB) today announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider.
The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market.
“Sensia"...
Tunisia-Germany: Energy efficiency in industry, real windfall for Tunisian companies
September 25, 2019
(TAP)- Industry is the second largest final energy-consuming sector in Tunisia with more than a third of total consumption.
This sector is highly dependent on fossil fuels (natural gas, fuel oil, LPG and others), the use of which directly and inevitably generates greenhouse gas (GHG) emissions.
Emissions from the industrial sector account for about 20% of Tunisia's"...
SNC-Lavalin Awarded Oil and Gas Contract from Al Yasat Petroleum, United Arab Emirates
September 17, 2019
SNC-Lavalin announces that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation (CNPC), with an estimated value of approximately $52 million CAD.
Under the three-year agreement, extendable for two years, SNC-Lavalin will partner with"...
Tunisia imported refined oil products for 4 billion dinars in 8 months
September 15, 2019
The National Institute of Statistics (INS) unveiled earlier this week the bad figures of Tunisian foreign trade for the first eight months of the year, announcing a trade deficit of 12.9 billion dinars, or 704 million dinars more than 2018 and 2.8 billion dinars more than in 2017.
Excluding energy, the deficit amounts to 8 billion dinars. This means that the deficit in the energy balance stands at more than 4.8 billion dinars in the first eight"...